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NIFTY Intraday Trade Setup For 28 Jun 2022NIFTY Intraday Trade Setup For 28 Jun 2022 Buy-Above 15930 Sl-15880 T-16000 16100 Sell-Below 15810 Sl-15865 T-15700 15620 NIFTY opened with a big gap up with nearly 1.5% gain. It opened at our buy target and resistance -15900. As a result it fell from resistance- 15900 till 15816. It has closed at day low. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes below 15815. we will short for the target of 15700 and 16620. In case a 15 Min candle closes above 15930, we will long for the target of 16000 and 16100. If it opens gap down and the the 1st 5 min candle is a bullish pin bar/ hammer then above its high we will long. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15700 Intraday Resistance- 16200
NSE:NIFTY
by Omahto
Morning Mantra, 27th June 2022Good Morning! Just as we had stated about us being quite hopeful to witness a sharp recovery and a closing of above 15580 on the last Trading day, fortunately we did witness the very same in the Market on last Friday. Well, for now, it seems like Nifty is very near to reach its next Level of Resistance of 15850. Where along with it, profit booking opportunities can be expected at this level once again. Moreover, now a closing of above 15850 will be very important for the upcoming days. Till then review your portfolio and be stock specific. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15699.25 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 27 Jun 2022NIFTY Intraday Trade Setup For 27 Jun 2022 Buy-Above 15750 Sl-15700 T-15830 15900 16000 Sell-Below 15620 Sl-15670 T-15530 15450 15400 NIFTY has given a good upside momentum after Pin bar candle was formed on 20 Jun. Activation was above 15400. Index is likely to touch 16200 in the coming days above 15900. The weekly candle is an inside candle above mother candle's high- 15900 we can expect a upside momentum. Below 15180 next downside move will be active for 14400. Coming to Monday's trade setup, if index opens flat and a 15 Min candle closes above 15750. We will will for the target of 15830, 15900 and 16000. For selling we need a 15 Min candle close below 15620. Target will be 15530 and 15450. Extended target will be 15380. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 15900 Intraday Support-15450
NSE:NIFTY
by Omahto
Morning Mantra, 24th June 2022Good Morning! After witnessing a day full of volatility and a positive stock specific momentum yesterday, we are quite hopeful to witness a sharp recovery in the Market, Today. Besides, Nifty’s repetitive attempt to take a strong support at our cautioned zone of 15270-15350, has somewhat proven to be a positive sign for the bull side momentum. Moreover, as per the current chart setup, we are quite optimistic to witness a positive weekly closing of above 15580, Today. Also, now is an ideal time to begin following the Cherry Picking Strategy and go for reviewing your Portfolio. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15556.65 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 24 Jun 2022NIFTY Intraday Trade Setup For 24 Jun 2022 Buy-Above 15630 Sl-15575 T-15700 15800 15900 Sell-Below 15490 Sl-15550 T-15400 15300 15200 NIFTY closed with 1% gain today after huge mega moves in intraday. Last day we planned to buy above above 15470. It triggered and hit our target 15625. It gave a dot reversal from our PRZ, from 15625 it crashed till 15370 and made a fresh low. Coming to tomorrow's trade setup, we will buy above 15630 if a 15 Min candle closes above the level. Targets will be 15700, 15800 and 15900. For selling we need a 15 Min candle close below 15500. Below its low we will sell for the target of 15400. In the flow if 15360 if breached then next target will be 15300 and 15250. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15370 Intraday Resistance- 15800
NSE:NIFTY
by Omahto
Morning Mantra, 23rd June 2022Good Morning! On being unable to give a closing of above 15580 yesterday, Nifty has once again raised a concern. However, as of now there’s still a positive ray of hope as the index had managed to sustain above its cautioned zone of 15270-15350, on closing basis. Moreover, as we have already stated, these 2 Trading days, i.e., Today and Tomorrow, will be very crucial for the Market. Wherein witnessing a weekly closing of above 15580 has become very important. So, till then, stay cautious and wait for a positive closing from Nifty in this week. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15413.30 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 23 Jun 2022NIFTY Intraday Trade Setup For 23 Jun 2022 Buy-Above 15470 Sl-15420 T-15530 15625 15700 Sell-Below 15380 Sl-15430 T-15300 15250 15200 NIFTY has closed at day low with almost 1.5% cut today. Last day we planned to sell below 15560. It opened slightly below our sell level then crashed from 15560 till 15390. It hit both the targets in sell side. This trade was too fast and hard to catch BTW. NIFTY was trending whereas BANKNIFTY held itself. Coming to tomorrow's trade setup, if index flat and a 15 Min candle closes below 15385, we will short for the target of 15300, 15250 and 15200. For buying we need a 15 Min candle close above 15470. we will long for the target of 15530, 15625.Last leg can touch 15700. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15180-15200 Intraday Resistance- 15625
NSE:NIFTY
by Omahto
1
Morning Mantra, 22nd June 2022Good Morning, Just as we had stated, similarly we did also see a positive outcome of keeping Nifty’s momentum in an Observation mode for the past 2-3 Days. As managing to stay above the cautioned zone of 15270-15350, the index finally showed us a bounce back, yesterday. However, it will still be suggested to avoid being too aggressive in the Market, until Nifty gives us a positive and a stable closing of above 15850, which is our next Targeted level of Resistance. So, stay cautious and wait for the finest and a positive closing of this week. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15638.80 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 22 Jun 2022NIFTY Intraday Trade Setup For 22 Jun 2022 Buy-Above 15710 Sl-15750 T-15800 15880 Sell-Below 15560 Sl-15610 T-15490 15400 NIFTY has given a follow up to the Pin Bar candle formed in daily TF. We planned to buy above pin bar's high- 15400 in the expectation of a pullback of the recent sell off. So has happened it rallied and hit our target 15700. Coming to tomorrow's trade setup, if index opens flat and a 15 Min candle closes above 15710 then we will long for the target of 15800 and 15880. 15900 (+-20) can act as resistance. If a 15 Min candle closes below 15560 then we will below the breakdown candle's low or below 15550 we will short for the target of 15490 and 15400. Book max near 15400. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 15900 Hourly resistance- 15900
NSE:NIFTY
by Omahto
2
Morning Mantra, 21st June 2022Good Morning! Just as we had already stated about keeping the Market in an Observation mode for the next 2-3 Days. Fortunately, we did observe the same response from Nifty itself. As it continued to trade in between the levels of 15270-15350. Which however is a good sign for the Market. Moreover, it seems like the Index is somehow trying to take a support at this level of 15300. Also, just as we had already stated, avoid being too aggressive in the Market, until Nifty stably crosses 15580 on closing basis. So, be cautious as of now and wait for the beautiful closing of above 15580. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15350.15 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 21 Jun 2022NIFTY Intraday Trade Setup For 21 Jun 2022 Buy-Above 15400 Sl-15345 T-15500 15600 15700 Sell-Below 15250 Sl-15300 T-15200 15075 15000 NIFTY has formed an inside candle in daily TF. Candle is a bullish pin-bar. Indicating a potential pullback of the current down move. It will be active above 15400. Expected upside move can be till 15600 and 15700. Positional view does not change till a bullish price action establishes in daily TF. Since its an inside candle in daily TF, nothing major changes in analysis. Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500 and 15600. last and final target will be 15700. Book max at 15700, PRZ placed. For selling one needs to wait till 15180 is broken in the downside. however a scalp trade can be done if a 15 Min candle closes below 16250. 1st target will be 15200. Below 15180 fresh downside move will come till 15000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 15700 Hourly Resistance- 15900
NSE:NIFTY
by Omahto
Morning Mantra, 20th June 2022Good Morning! On witnessing a Doji formation on the chart of Nifty, which itself is indicating its indecisive mode. The Index has somewhat supported our view of keeping the Market in Observation for 2-3 Trading Days. Moreover, as Nifty has entered a very crucial zone of 15270-15300, it will be a good sign if it manages to stably sustain over the level of 15300 on a closing basis. Otherwise, the level of 14350 on the downside will soon be activated. Besides, we are still positive on the index, as we are hoping to soon witness a bounce back herefrom. Nifty Levels 15270-15400-15580-15800 -16200-16350-16800-17200-17400 -17700-17900-18000-18350 Nifty’s Previous Day Closing - 15293.50 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 20 Jun 2022NIFTY Intraday Trade Setup For 20 Jun 2022 Buy-Above 15400 Sl-15340 T-15500 15600 15700 Sell-Below 15180 Sl-15240 T- 15075 15000 14750 NIFTY has formed a doji candle in daily TF. We expected a pause candle after a big move so has happened. This is a pause candle and not a reversal yet. This will be marked a reversal candle if we get a big green candle in a follow up the next day. It just consolidated the whole day and formed a range on Friday. We will simply use this range to build our trade. If index opens flat and a 15 min candle closes above 15400, we will long for the target of 15500, 15600 and last target will be 15700. In case it opens flat and a 15 Min candle closes below 15200. Below that candle we will sell for the target of 15075 and 15000. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 15600, 15700 Hourly Resistance- 15900
NSE:NIFTY
by Omahto
Morning Mantra, 17th June 2022Good Morning! As we had stated yesterday itself, similarly Yesterday’s Trading Session was quite volatile almost throughout the day. Where finally, Nifty chose to break down its crucial support level of 15580 on a closing basis. Which was definitely an alarming factor. Reaching back to the levels of its 52 Week Low, Nifty had created a panic in the Market. Moreover, since today is the last Trading Day of the week, so today’s closing will be important. In the Meanwhile, avoid being too aggressive in the Market as of now. Instead keep the Momentum of the Index in your observation. Wherein, for the bull side view, witnessing a stable closing of above 15580 has now become very important. Also, stay cautious and go for portfolio review. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Previous Day Closing - 15360.60 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 17 Jun 2022NIFTY Intraday Trade Setup For 17 Jun 2022 Sell_1- From 15660 Sl-15700 T-15500 15400 Sell-Below 15330 Sl-15390 T-15200 15100 NIFTY has formed a big red candle which broke the weekly support. Possibility of this downside move can be extended till 14400 in the coming weeks. It opened with a decent gap and broke 10 o'clock range below 15764 and gave a downside move till 15335. Now coming to tomorrow's analysis, if index opens above 15500 or with a decent gap up then probability of an inside candle is high. So short from 15650-16660 for the target of 15500 and 15400 and below. In case it opens below flat then its for selling. On a 5 min candle close below 15535 and short for the target of 15200, 15100 and 15000. Avoid long positions while aggressive traders can long above 15500 if a bullish candle forms here in 5 Min TF. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Resistance- 15660 Hourly Resistance- 15900
NSE:NIFTY
by Omahto
Morning Mantra, 16th June 2022Good Morning! It has been 3 Consecutive Days now, that Nifty has been trading in a strict consolidated range of 15950-15580. Which is why, we can say how highly confused the Index is currently. Therefore, it has now become very important to witness either a breakout of above 15950 or a breakdown through the support level of 15580, on a closing basis. However, as per the current chart setup, we are still quite positive on the Market. Moreover, we are still with our words, that Today & Tomorrow will be very crucial for the Market. In addition to which, it is being expected that we might witness a huge volatility in the Market today, since it is a weekly settlement day. So stay cautious, as of now! Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Previous Day Closing - 15692.15 Regards, Alok Daiya
NSE:NIFTYLong
by alokdaiya
NIFTY Intraday Trade Setup For 16 Jun 2022NIFTY Intraday Trade Setup For 16 Jun 2022 Buy-Above 15785 Sl-15740 T-15850 15900 Sell-Below 15660 Sl-15710 T-15575 15490 NIFTY has formed an inside candle in daily TF. High and low of the mother candle will be levels to buy and sell. Market traded inside a range overall. It has closed at support. We will simply trade above and below today's high and low. Coming to tomorrow's trade setup, if a 15 Min candle closes below 15680(safer level- 15660) we will short for the target of 15575 and 15490. Final target will be 15350 in the coming days. For buying we need a candle close above 15785 to initiate a long position for the target of 15850 and 15900. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15660 Intraday Resistance- 15900 Hourly Support- 15350 Hourly Resistance- 16200
NSE:NIFTY
by Omahto
NIFTY Intraday Trade Setup For 15 Jun 2022NIFTY Intraday Trade Setup For 15 Jun 2022 Buy-Above 15900 Sl-15840 T-16000 16100 Sell-Below 15650 Sl-15700 T-15575 15490 NIFTY has formed an inverted hammer in daily TF. It tested and bounced from the weekly support level- 15670. It was a volatile day both sides moves were seen. Important support is today's low- 16559. If a 15 min candle closes below this then a sharp fall will be seen. Coming to tomorrow's trade setup, if index opens flat and a 15 min candle closes below 15650, we will short for the target of 15575 and 15500. We need a 15 Min candle closes above 15900 to initiate a long trade. Targets will be 16000 and 16100. In between weather you should avoid any directional trade. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 16550 Intraday Resistance- 15900 Hourly Support- 15350 Hourly Resistance- 16200
NSE:NIFTY
by Omahto
Morning Mantra, 14th June 2022Good Morning! Another day of Gap down opening from Nifty, had resulted in the creation of huge panic in the Market, yesterday. Well, we can say that as per the current market scenario, the index is somewhere or the other trading at its edge. Wherein, with the crucial support level of 15580 on the downside, it has now become very important for the Index to stably cross over and give a closing of above 15950. Moreover, this week, will somehow be very crucial for the Market. Where in the meanwhile, it will be suggested to stay cautious and to wait for Nifty to take an either side direction of above 15950 or below 15580. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 13.06.22 - 15774.40 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya
NIFTY Intraday Trade Setup For 14 Jun 2022NIFTY Intraday Trade Setup For 14 Jun 2022 Buy-Above 15900 Sl-15850 T-16000 16100 Sell- Below 15670 Sl-15720 T-15575 15490 NIFTY opened with a huge gap down today, 10 o'clock range broke downside and gave a small move downside. It has bounced from the weekly support levels. Breakdown of 15670 can lead to a free fall till 15500 and 15350. Coming to tomorrow's trade setup, if index opens above today's high- 15890 and a 5 Min candle closes above this then we will long for the target of 16000 and 16100. Incase it opens flat and a 15 Min candle closes below 15685, we will short for the target of 15575 and 15490. In case it opens gap up but below today's high. then we will sell from 15870 for the target of 15770 and below. In case of a big gap up/down, wait till 10 o'clock and mark the high and low of the trading range. Trade on this range breakout. Intraday Support- 15670-80 Intraday Resistance- 15870 Hourly Support- 15350 Hourly Resistance- 16200
NSE:NIFTY
by Omahto
Morning Mantra, 13th June 2022Good Morning! On the last Trading Day of the previous week, we had observed a gap down opening from the stated crucial level of support of 16400. As a result of which, we did see a lot of Panic in the Market. As of now, the Market seems to be in a very strong consolidation zone of 15850-16700. Moreover, since Nifty is currently trading in its narrow trading range of 15850-16400, it will be suggested to not be too aggressive in the Market until we get a stable closing of above 16400. Nifty Levels 15580-15800-16200-16350 -16800-17200-17400-17700-17900-18000-18350 Nifty’s Closing as on 10.06.22 - 16201.80 Regards, Alok Daiya
NSE:NIFTY
by alokdaiya